ING Groep NV (INGA) Receives Average Recommendation of “Buy” from Analysts

Shares of ING Groep NV (AMS:INGA) have been given a consensus rating of “Buy” by the seventeen ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is €15.72 ($17.27).

A number of brokerages have issued reports on INGA. JPMorgan Chase & Co. set a €14.80 ($16.26) price target on ING Groep NV and gave the company a “buy” rating in a report on Thursday, March 23rd. BNP Paribas set a €14.30 ($15.71) target price on ING Groep NV and gave the stock a “neutral” rating in a research note on Monday, March 13th. Citigroup Inc set a €15.80 ($17.36) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Barclays PLC set a €16.00 ($17.58) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Friday, February 24th. Finally, Deutsche Bank AG set a €15.50 ($17.03) target price on ING Groep NV and gave the stock a “buy” rating in a research note on Monday, February 20th.

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Shares of ING Groep NV (AMS:INGA) traded up 1.17% during midday trading on Tuesday, reaching €15.09. 18,361,448 shares of the company’s stock traded hands. The stock’s 50-day moving average price is €14.63 and its 200 day moving average price is €13.72. The firm has a market capitalization of €58.59 billion and a PE ratio of 12.03. ING Groep NV has a one year low of €8.30 and a one year high of €15.88.

ING Groep NV Company Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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